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Layoffs at the Walt Disney Company’s studios and other units may take place in the wake of an internal cost-cutting review begun by the Mouse House several weeks ago, according to “three people with knowledge of the effort.”

The Walt Disney Company will record a $50 million write-down at its movie studio division after halting production on an as-yet untitled stop-motion animated film, an unnamed “source with knowledge of the matter” told Reuters on Thursday.

Although the Walt Disney Company lost $200 million on its partly animated science-fiction bomb John Carter, the entertainment giant announced Tuesday that its overall profit from January through March grew 21%.